Sprott Asset Management LP Announces Change to Timing of Sub Advisor Change
TORONTO, Sept. 21, 2016 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") announced today that Capital Innovations LLC will cease to act as the sub-advisor to Sprott Real Asset Class, Sprott Global REIT & Property Equity Fund, Sprott Global Infrastructure Fund, Sprott Timber Fund and Sprott Global Agriculture Fund (collectively, the "Funds") at any time on or before December 30, 2016, rather than on or about December 30, 2016, as announced on September 9, 2016. Sprott will continue to act as portfolio manager to the Funds. The Independent Review Committee of the Funds has reviewed the potential conflict of interest matters related to this change and provided its recommendation that this change would achieve a fair and reasonable result for the Funds.
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Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.